Latest Capital Allocation News

Advent Energy, in which MEC Resources holds a significant stake, is pursuing a judicial review against the federal government's refusal to extend the PEP-11 offshore petroleum permit. This legal move could reshape the future of the project and its stakeholders.

Viva Leisure Limited has reported a robust increase in net profit and net tangible assets for the half-year ended December 31, 2024, alongside gaining control of multiple fitness entities and launching a dividend reinvestment plan.

Downer EDI Limited has reported a robust first half of FY25, with a 4.7% rise in statutory NPAT and a striking 70% increase in pro forma NPATA, underscoring the success of its ongoing transformation program.

Orora Limited reported a robust first half of FY25 with underlying EBIT rising 24.6%, driven by strategic portfolio simplification and organic growth investments despite challenges in the Australian wine market.

Downer EDI reports a robust half-year financial performance for December 2024, with notable increases in profit and earnings per share, despite suspending its Dividend Reinvestment Plan.

Northern Star Resources delivered strong half-year financials for FY25, showcasing significant growth in EBITDA and cash earnings while advancing its strategic acquisition of De Grey Mining.

Insurance Australia Group Limited (IAG) has announced an ordinary dividend of AUD 0.12 per share, partially franked at 60%, with key dates set for February and March 2025.

Avenira Limited has ended its licensing agreement with Aleees, freeing the company to focus on a phased development of its Wonarah Phosphate Project aimed at early revenue generation in late 2025.

Forrestania Resources has secured $360,000 through a non-brokered placement, attracting a new major shareholder and setting the stage for expanded gold exploration at its Bonnie Vale project.

Dexus Industria REIT has reported a robust half-year performance for FY25, driven by high occupancy, significant leasing activity, and successful completion of a key development at ASCEND at Jandakot.

DEXUS Industria REIT has finalized its quarterly distribution at AUD 0.041 per security for the period ending December 31, 2024, with payments scheduled for February 20, 2025.

St Barbara Limited has announced its intention to separate its Atlantic Gold Operations in Nova Scotia, aiming to unlock value through a Canadian-led development while concentrating on its Papua New Guinea assets.